Formidium is a global fund administrator powered by our proprietary Seamless Software platform. Seamless is an award-winning, full-scale, web-based, fund administration application. It integrates portfolio, fund accounting, and investor reporting, to provide best-in-class and cost-efficient solutions to both the traditional and alternative investment fund management communities.
Location: Jaipur
Salary: As per Industry norms
Experience Required: 3 to 5 years
Employment: Full Time
Job Description:
This position will be responsible for the end-to-end accounting for hedge funds. Working closely with counterparties and investment managers to achieve this and the primary activities for the same include daily street reconciliations, settlements, P/L reconciliations and fund accounting (GAV / NAV preparation). Dealing with various strategies and different financial instruments, spanning different geographies and time zones.
Responsibilities:
- Ensure client Service Level Agreement (SLA) and deadlines are met.
- Review of the daily and monthly (detail review) NAV as well as helping to finalize the same if any issue faces by Associate/sr. Associate.
- Effective communication with clients through emails or scheduled calls for timely resolution of client queries and breaks.
- Ensure correct & timely reporting of MIS to senior management.
- Review audit support sent to fund's auditors and ensured identified issues are documented and tracked to closure.
- Timely escalation of issues/errors/challenges to seniors as per escalation matrix.
- Co-ordinate with other departments effectively for timely resolutions of open issues keeping the client rep in loop.
- Review and maintain the relevant data to be stored for various funds in internal folders for future reference and Audit purposes (AWS).
- Formulating the necessary controls in processes to ensure efficient and error-free client deliverables.
- Support projects related to Automations/migrations/changes etc. and ensure implementation within the teams.
- Should ensure checklists are diligently followed.
- Provide seamless and other application access to relevant users and client/investors. For exit cases, ensure all the relevant access has been disabled/revoked.
- Day-to-day supervision of direct reporters and their allocated tasks and assisting them in meeting daily deadlines.
- Conduct periodic discussions with team members to set their objectives and provide them with timely feedback for their personal growth and development.
- Observe internal training requirements and arrange training sessions accordingly. Creating, maintaining, and updating SOP for the funds.
Required Skills and Experience:
- Bachelor’s /master’s degree in accounting, finance, or management.
- Relevant professional qualification is an advantage (CPA, CFA, CA).
- Should have domain / finance knowledge, attention to detail and ability to work with minimal supervision.
- Effective communication and collaboration skills along with proficiency in MS Excel.
If you are a highly motivated individual who enjoys working in a fast-paced environment and is passionate about application security, we encourage you to apply for this exciting opportunity.
Interested Candidates can apply on: - careers@formidium.com